Ofgem opens investigation into Symbio Energy

Energy regulator Ofgem has opened an investigation into Symbio Energy over its late payments into the Renewables Obligation (RO) and Feed-in Tariff (FIT) schemes.

Symbio Energy failed to pay into RO the buy-out fund or present the required number of ROCs by the initial deadlines and the late payment deadline. The outstanding payment was made on 13 November 2020.

It also missed three other payment deadlines over a four-month period, including one RO mutualisation payment and two FIT quarterly levelisation payments.

The investigation will consider whether further enforcement action is required, which could include a financial penalty.

Full details here

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